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OVLvsTSPYETF Comparison
Overlay Shares Large Cap Equity ETF (OVL) and TappAlpha SPY Growth & Daily Income ETF (TSPY) belong to the same industry segment: Options Strategies. OVL's top 3 sector exposures are Information Technology, Communication Services and Consumer Discretionary. In contrast, TSPY's top sector exposures are Information Technology, Communication Services and Financials. OVL is more expensive with a Total Expense Ratio (TER) of 0.79%, versus 0.77% for TSPY. OVL is down -2.21% year-to-date (YTD) with -$103K in YTD flows. TSPY performs worse with -3.39% YTD performance, and +$95M in YTD flows. Run a side-by-side ETF comparison of OVL and TSPY below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
OVL vs TSPY performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | OVL TSPY | -2.69%-3.32% | -1.64%-2.89% | -2.21%-3.39% | +24.47%+19.77% | +85.93%n/a | +78.63%n/a |
| Flows | OVL TSPY | +$2M+$17M | -$2M+$112M | -$103K+$95M | -$17M+$231M | -$33M- | -$10M- |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | OVL TSPY | +14.52%+11.75% | +20.43%+20.08% | +16.96%n/a | +18.83%n/a |
| Max drawdown | OVL TSPY | -4.80%-5.52% | -15.55%-13.19% | -21.55%n/a | -28.68%n/a |
| Max drawdown duration | OVL TSPY | 16d39d | 45d50d | 133dn/a | 745dn/a |
OVL | TSPY | |
Last sale 3/13/2026 at 1:30 PM | $51.08 | $23.79 |
| Previous close 03/12/2026 | $51.54 | $23.91 |
| Consolidated volume 03/12/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
OVL | TSPY | |
|---|---|---|
| Last price | $51.08 | $23.79 |
| 1D performance | -0.89% | -0.50% |
| AuM | $173.84 M | $248.03 M |
| E/R | 0.79% | 0.77% |
OVL | TSPY | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Overlay Shares | TappAlpha |
| Benchmark | - | - |
| N° of holdings | 479 | 479 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 25, 2019 | August 14, 2024 |
| ESG | No | No |
Countries
Sectors
Diversification
Total weight of top 15 holdings out of 15
Total weight of top 15 holdings out of 15
Top 15 holdings
How have the OVL and TSPY ETFs performed in 2026?
As of March 13, 2026, OVL is down -2.21% year-to-date (YTD), while TSPY has lost -3.39%. That puts OVL better performer ahead so far this year.
Which ETF is attracting more investor money: OVL or TSPY?
Year-to-date, the OVL ETF saw -$103K in flows, compared to +$95M for TSPY.
Which ETF is more volatile: OVL or TSPY?
Over the past year, OVL had a volatility of 20.43%, while TSPY experienced 20.08%.
Which ETF is bigger: OVL or TSPY?
As of March 13, 2026, OVL holds $173.84 M in assets under management (AUM), while TSPY manages $248.03 M.
What sectors do the OVL and TSPY ETFs invest in?
OVL leans toward sectors like Information Technology, Communication Services and Consumer Discretionary. Meanwhile, TSPY focuses on Information Technology, Communication Services and Financials.
What are the top holdings of the OVL ETF and TSPY ETF?
OVL top holdings include NVIDIA, APPLE and MICROSOFT-T. TSPY holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: OVL or TSPY?
OVL holds 503 securities with 43.91% of its assets in the top 15. TSPY has 502 securities and a top 15 weight of 43.76%.
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